JLN Staff

First Read

In a Shutdown, IRS Will Take Your Money, but Give No Refunds; With limited funding, thin-staffed IRS prepares for busy individual income-tax filing seasonRichard Rubin – WSJA prolonged government shutdown would likely delay billions of dollars in income-tax refunds. The Internal Revenue Service is one of the agencies that now lacks funding, and the U.S. tax collector has been operating with about 1 in 8 employees under the shutdown plan it uses outside the tax-filing season./jlne.ws/2sgKZP7

***** Here is the reason that will end the government shutdown. As US taxpayers file their taxes, they will want their refunds. All people. All parties. And they will make their position known. To contact the President of the United States, send a letter addressed to the White House, 1600 Pennsylvania Avenue NW, Washington, DC 20500. You can also try calling the White House by dialing 202-456-1111. Of course you can tweet at the President too, use #GiveMeMyRefundNow as the hashtag.~JJL

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Hits & TakesJLN Staff

Gerry Corcoran of RJ O’Brien shared yesterday with RJO employees that Florence Geraldine (“Gerry”) McCarthy O’Brien passed away on Monday. Mrs. O’Brien, who would have turned 100 years old on January 8, was the wife of RJO’s Chairman Emeritus, Robert J. O’Brien, Sr. and the last surviving child of the founder of RJO, John V. McCarthy. The service will be in Sea Island, Georgia, this Saturday, with a memorial service planned in the future in the Chicago area. Condolences to the O’Briens and friends on this loss.~JJL

Worth Magazine’s current issue contains the WorthPower100 list. The list included people from bankers to businesspeople, pundits to presidents. They are the 100 most powerful men and women in global finance for 2018, according to Worth.~JJL

On the WorthPower100 list, ICE’s Jeff Sprecher is number 42. Nasdaq’s Adena Friedman is 86. Citadel’s Ken Griffin is 33. SEC’s Jay Clayton is 32. Blythe Masters is 27, though she was listed at her former position as CEO of Digital Assets. Vladimir Putin is number 2. Donald Trump is number 1.~JJL

The New York Stock Exchange finished the year with $125 billion in proceeds raised from 356 transactions. NYSE issuers raised $30 billion in proceeds from 73 IPOs, according to parent company ICE.~SR

Chicago traders in their ’80s heyday had a crazy move called the ‘O’Hare Play’Kate Rooney – CNBCTraders were already famous for risk-taking in the 1980s. But one bet is particularly absurd. Producers for an upcoming Showtime series used stories told by former traders in episodes of “Black Monday,” premiering Jan. 20. Throughout the ’80s, Chicago commodities traders were deploying something known as the “O’Hare Play.”/jlne.ws/2Tj3E8i

They forgot to hedgeLanre Sarumi – via MediumWith the run up in prices of every cryptocurrency in 2018, everyone wanted to be a miner. Who doesn’t like found money? Now it seems like the new year’s resolution of some crypto mining firms is “no more mining”. At least the ones in Japan anyway./jlne.ws/2Tsq72V

****** The best run companies in the world hedge. They understand risk and how to manage it.~JJL

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New for 2019: Laws on Guns, Harassment, Cannabis-Spiked Drinks; A look at some notable changes heading into the new yearJacob Gershman – WSJThe new year is bringing in a flurry of new laws and ordinances across the countryófrom crackdowns on plastic straws and foam containers to new measures spurred by last year’s school shooting massacre in Parkland, Fla., and the #MeToo scandals. Here is a look at some of notable changes to the books heading into 2019./goo.gl/Qk8JaS

***Some interesting new legislation around the U.S. this year. California is really cracking down on those plastic drinking straws. ~SR

Lead Stories

‘Flash-Crash’ Moves Hit Currency MarketsRuth Carson and Michael G Wilson – BloombergApple’s revenue outlook cut may have been a trigger: Jefferies; Yen will continue rally, could appreciate to 102: UBPIt took seven minutes for the yen to surge through levels that have held through almost a decade./jlne.ws/2s5DaLZ

Deutsche Boerse’s straight-talking boss; CEO Theodor Weimer has improved Deutsche Boerse’s relations with politicians and investors, but can he make the acquisitions that will take the company into the big league?Andreas Kroner – HandelsblattTheodor Weimer is no diplomat. Since becoming Deutsche Boerse CEO a year ago, the 59-year-old manager has become known for spontaneous straight talk and caustic turns of phrase. For some in the company, owner of the Frankfurt Stock Exchange and other European markets, he is a breath of fresh air. Others have felt bruised and confused./jlne.ws/2LLWsz3

Tesla Stock on a Blockchain Offers Hint of Where Crypto’s HeadedAlastair Marsh – BloombergDX.Exchange plans to offer digital versions of big U.S. stocks; Tokenization of real-world assets is a hot trend in cryptoA digital exchange opening next week will enable investors to trade in companies including Apple Inc., Facebook Inc. and Tesla Inc. outside of the U.S. even when the stock markets are closed./jlne.ws/2s7o3S0

OCC Clears Record-Setting 5.24 Billion Total Contracts in 2018; December volume up 26.2 percent year-over-year; most active December in OCC’s history; ETF options volume up 25.7 percent in 2018, securities lending CCP activity up 17.2 percentOCCOCC, the world’s largest equity derivatives clearing organization, announced today that it set new annual cleared contract volume records for the U.S. exchange-listed options and futures industry. In 2018, OCC cleared 5.24 billion total contracts and 5.14 billion options contracts. These numbers surpass the previous records, set in 2011, of 4.60 billion total contracts and 4.56 billion options contracts. Compared to 2017, OCC had a 21.1 percent increase in total contracts cleared and a 22.6 percent increase in options contracts cleared./jlne.ws/2CIvtRO

Behind Lumber’s Collapse: A Perfect Storm of Housing and Trade; Confluence of market pressures brought about an epic collapse after the commodity hit a record last MayRyan Dezember – WSJLumber futures reached a record in May that was 30% above the old all-time high set in the early 1990s. Still, lumber ended the year as one of the worst-performing commodities./jlne.ws/2s5QVu1

‘ETFs as Asset Class’ Is Among the Top 2019 Trends in MarketsSarah Ponczek and Vildana Hajric – BloombergFunds are a key ‘tool for institutional portfolios’: Greenwich; Investors should treat ETFs differently from individual stocksWall Street’s going to have to adjust its business to account for a not-so-new but fast growing asset class: exchange-traded funds./jlne.ws/2CMz817

Apple’s iPhone Warning Comes Years Too Late; The company has reached the end of its denial phase.Shira Ovide – BloombergThe optimistic narrative about Apple Inc.’s iPhone business is falling apart in front of our eyes./jlne.ws/2s85XPR

The EU and Euro Keep Defying the Doomsayers; Is the end nigh? History would suggest not.Alan Crawford – BloombergThe Hotel Grande Bretagne is an Athens institution. The opulent 19th century mansion on Syntagma Square has been the backdrop to key episodes in modern European history: The first International Olympic Committee convened here in 1896; Adolf Hitler and Field Marshal Erwin Rommel bunked here after the Nazis seized the hotel in 1941 at the start of the wartime occupation. More recently, it was witness to the most existential threat yet to Europe’s experiment in unification./jlne.ws/2s8BtgU

Fracking’s Secret ProblemóOil Wells Aren’t Producing as Much as Forecast; Data analysis reveals thousands of locations are yielding less than their owners projected to investors; ‘illusory picture’ of prospectsBradley Olson, Rebecca Elliott and Christopher M. Matthews – WSJThousands of shale wells drilled in the last five years are pumping less oil and gas than their owners forecast to investors, raising questions about the strength and profitability of the fracking boom that turned the U.S. into an oil superpower./jlne.ws/2sgROjH

E.C.B. Takes Reins of Italian Bank to Prevent Wider CrisisJack Ewing – NY TimesThe European Central Bank took control of a troubled Italian bank Wednesday, an unprecedented step that spotlighted the risks to the eurozone’s financial system from political chaos in Rome and a sputtering economy./jlne.ws/2s7LoTN

Ed Wicks: The bigger pictureJohn Brazier – The TradeThree years after joining Legal & General Investment Management to run its equities trading, Ed Wicks now heads up the firm’s global trading operations, placing emphasis on the benefits of incremental improvement. Wicks speaks to John Brazier about the changes he has made during his time with the asset manager and what the future holds for the head of trading role./jlne.ws/2s7LVVN

Exchanges, OTC and Clearing

CME Group Reached Record Average Daily Volume of 19.2 Million Contracts in 2018, up 18 Percent from 2017CME GroupCME Group, the world’s leading and most diverse derivatives marketplace, today announced 2018 average daily volume (ADV) reached a record 19.2 million contracts, up 18 percent from 2017. During 2018, 91 trading days exceeded 20 million contracts, up from 34 days in 2017./jlne.ws/2LNFaS5

MGEX Finishes 2018 as the Second-Best Calendar Year in HistoryMGEX/jlne.ws/2CKvHb3

Investigation set – Ex-Bˆrsen boss Kengeter pays nearly five million euro; The investigation against the manager was discontinued. Deutsche Bˆrse also has to shell out an amount in the millions.Elisabeth Atzler – HandelsblattNot only the Deutsche Bˆrse pays in the wake of the insider affair to their former boss Carsten Kengeter a million fine, even Kengeter itself has to pay a large sum. So Kengeter has to pay almost five million euros./jlne.ws/2salL4w

DGCX Breaks Annual Volumes Record to Round-Off an Exceptional 2018MondovisioneThe Dubai Gold & Commodities Exchange (DGCX) announced today that it has rounded off a highly successful 2018 by breaking its annual volumes record, trading 22.26 million contracts, up 28% from the previous year. The total value of the contracts was USD 474.94 billion, beating its previous highest value of USD 448 billion traded in 2013. Average Daily Volumes (ADV) also finished the year at an all-time high, reaching 86,615 lots./jlne.ws/2s7obB3

The Spanish Exchange Traded EUR587.47 Bn In 2018BMEThe Spanish Exchange traded 587.47 billion euros in Equities in 2018, having reported 38.7 billion euros in December – down 5.4% from November – and down 18.7% from the same month the previous year. The number of trades in December reached 3.1 million, 15.8% lower than in the previous month and 5.7% lower than in December 2017./jlne.ws/2TqNABu

Boerse Stuttgart generates 2018 turnover of around EUR 71.2 billion; High growth in leveraged products // Boerse Stuttgart maintains position as top German exchange for securitised derivatives and corporate bondsBoerse StuttgartBased on the order book statistics, turnover from all trading activities at Boerse Stuttgart amounted to around EUR 71.2 billion in 2018 – 11 percent less than in the previous year./jlne.ws/2CJTN5Y

Xetra-Gold’s stock rises to 181.47 tonnes at the end of the year; Growth of seven tonnes over the previous year / Europe’s largest physical-backed gold securityDeutsche Bˆrse GroupThe gold holdings of the Xetra-Gold exchange-traded bearer bond (ISIN: DE000A0S9GB0 ) rose to 181.47 tonnes at the end of the year. That’s a plus of over seven tons over the course of the year. At the beginning of January 2018, 174.2 tons of gold were still stored in the central safe deposit for German securities in Frankfurt. Xetra-Gold is Europe’s leading physically backed gold security./jlne.ws/2LOCfbL

Fintech

Artificial Intelligence Vs. the Hackers; Machine-learning algorithms watch hackers’ behavior and adapt to their evolving tactics.Dina Bass – BloombergLast year, Microsoft Corp.’s Azure security team detected suspicious activity in the cloud computing usage of a large retailer: One of the company’s administrators, who usually logs on from New York, was trying to gain entry from Romania. And no, the admin wasn’t on vacation. A hacker had broken in. Microsoft quickly alerted its customer, and the attack was foiled before the intruder got too far./jlne.ws/2s7K4Aj

Wall Street goes to war over market data and accessHayley McDowell – The TradeOn 25 October 2018, major US exchange operators went head-to-head with Wall Street during a roundtable discussion hosted by the Securities and Exchange Commission (SEC), as part of a two-day event on an issue at the heart of market controversy: Exchange market data and access fees./jlne.ws/2s8IxtW

2018 saw strong fintech funding performanceLea Nonninger – Business InsiderIn the first half of 2018 alone, fintechs secured $57.9 billion, nearing the previous annual record of $62.5 billion set in 2015. Although the numbers for the full year aren’t out yet, it’s safe to say that 2018 was a standout year for fintech. Here’s what drove the strong performance:/jlne.ws/2LP7bsq

Cryptocurrencies

Novogratz Increases Stake in Galaxy in Wake of MeltdownNick Lichtenberg – BloombergCrypto advocate owns about 80% of shares in firm he founded; Bloomberg Galaxy Crypto Index declined 81% last yearMichael Novogratz is putting more of his money where his mouth is when it comes to cryptocurrencies./jlne.ws/2s8JnGW

Crypto’s King Midas: Backstage With CZ, the CEO Who Can’t Be StoppedWolfie Zhao – CoindeskCameras, flashlights, tweets – when Changpeng Zhao takes the stage these days, a kind of mania seems to ensue. Of course, that’s perhaps to be expected when you’re known to the world over by just two letters, but “CZ” has arguably achieved something greater in 2018 ó a celebrity status that’s equaled by his clout as an entrepreneur./jlne.ws/2QfHCRW

New York becomes the first U.S. state to create a crypto task forceThe Block CryptoGovernor Andrew Cuomo signed a bill last month to establish a “digital currency task force” for the state of New York, according to a statement from Assembly Member Clyde Vanel. Vandel added that “New York leads the country in finance. We will also lead in proper fintech regulation. The task force of experts will help us strike the balance between having a robust blockchain industry and cryptocurrency economic environment while at the same time protecting New York investors and consumers.”/jlne.ws/2s7nNCP

Crypto funds appeal for patience after market rout; Collapse in prices in 2018 shakes faith in the future of digital assetsLaurence Fletcher – FTFund managers specialising in cryptocurrencies are appealing for patience from investors, after a year in which huge falls in prices severely dented their performance./jlne.ws/2s4taT6

HashCash Introduces Blockchain Solutions to Streamline Mutual Funds Management in AustraliaPRNewswireA robust and expanding financial sector has placed Australia’s fund management industry in the higher rungs of the global hierarchy of investment markets. In order to enhance efficiency in an industry that demands working with tomes of documents, coordinating with multiple financial institutions, and ongoing client verification processes, investment firms are giving their infrastructure a high-tech makeover. Software development companies, such as Silicon Valley-based HashCash Consultants, are playing a significant part in accomplishing this goal./jlne.ws/2s8Iw9c

The Secret for a $1 Trillion Crypto Market? Keep BuildingJim Radecki – CoindeskEarlier this year, the total value of all crypto assets reached an all-time high of over $800 billion, driven by a flood of retail customers looking to capture opportunities in a new market./jlne.ws/2sakRVG

How to Last the Crypto Winter? Seek Simplicity, Manage ComplexityJake Yocom-Piatt – CoindeskIn 2018, we have seen the cryptocurrency market cap go from all-time highs in January to falling over 80 percent by December, despite little changing in the context of the technological fundamentals./jlne.ws/2s9A0Xo

Thai Government Agency Develops Blockchain Tech for Elections VotingYogita Khatri – CoindeskA Thailand government agency has developed a blockchain-based solution that’s set to digitalize elections voting in the country./jlne.ws/2s9DIR4

Stories from Alternative Crypto Sources

What Proof of Keys Celebration is and Why You Should CareRasmus Pihl – Toshi Times/jlne.ws/2TpBYyy

Indian Police Warn Public Against Investing in CryptocurrenciesAaron Wood – Cointelegraph/jlne.ws/2F4v1A0

Politics

Hold off the death notices for Trump’s presidency; The imminent selection of specific opponents will be to his advantageJanan Ganesh – FTIn Washington, where even the metaphors are militarised, the White House is said to be under “siege”. The word will not do. It implies outside hordes intent on entry. President Donald Trump can but wish for such a clamour. With his caretaker chief of staff, his under-manned legal team and his sheepish desertion by once-servile Republicans, the flight of people from 1600 Pennsylvania Avenue is more notable than any gathering at the gates. We would not describe Orson Welles at the end of Citizen Kane, burning through friends and rattling around a house that is altogether too large for him, as besieged./jlne.ws/2s8VJPm

Trump Took Credit for Stock Market Records. Does He Deserve Blame for the Plunge?; America finally has a market to match the man in the Oval Office.Peter Coy – BloombergGreen means up and red means down in the stock market. Lately there have been many red days. But the true color of today’s market is golden orangeóthe hue of the pompadour atop the head of President Donald Trump. Because for better and for worse, this has become Trump’s stock market. Until October, the extended bull market was reasonably called the Trump Bump. The decline over the past few months, particularly since the start of December, is the Trump Slump./jlne.ws/2s9GRAm

Powell and Trump Are Locked in a Battle for Wall Street’s TrustCraig Torres and Christopher Condon – BloombergCentral bank chief has public remarks on Friday and next week; Fed risks having stock market defined as barometer of successJerome Powell has been sucked into a one-sided communication fight with Donald Trump, who blames the Federal Reserve chairman for losses in the stock market./jlne.ws/2s9Zl3G

Regulation

Disgraced former German stock exchange boss will pay £4.3m to settle insider trading chargesDaily MailCarsten Kengeter is to pay £4.3m to settle insider trading chargesThe disgraced former boss of the German stock exchange Carsten Kengeter, 51, is to pay £4.3million to settle insider trading charges./goo.gl/26NfZF

U.K. Treasury Adds Two Women to BOE’s Financial Policy CommitteeJill Ward – BloombergColette Bowe and Jayne-Anne Gadhia to join panel this year; Central bank has faced criticism over lack of gender diversityColette Bowe and Jayne-Anne Gadhia are set to join the Bank of England’s Financial Policy Committee, the U.K. Treasury said Thursday./jlne.ws/2s5X2i5

Ex-London Bankers Cooperating With Cum-Ex Probe in Bid to Dodge JailKarin Matussek – BloombergCologne probe sets up first trial over controversial tax deals; Both men seek leniency for helping uncover ‘a Cum-Ex industry’Two former London investment bankers cooperating with a German probe of controversial tax deals that cost the nation billions of euros are wagering that their help will persuade judges to go easy on them, according to people familiar with the issue./jlne.ws/2sgPuJv

Insider Trading Remains a Fixture for Securities EnforcementPeter J. Henning – NY TimesTrading on confidential information remains hard to resist despite a decade of criminal enforcement and prison terms for those who get caught and prosecuted./jlne.ws/2s5UP69

Final Statements for Broker-Dealers, Investment Adviser Firms, Agents and Investment Adviser Representatives, and BranchesFINRAFINRA is issuing this Notice to help firms review, reconcile and respond to their Final Statements in E-Bill as well as view the reports that are currently available in Web CRD/IARD for the annual registration renewal process. The payment deadline is January 21, 2019./jlne.ws/2LNGNzb

Investing and Trading

Apple cuts sales forecast on China weakness; Company also flags weak iPhone upgradesRichard Waters – The Financial TimesApple issued an extremely rare revenue warning late on Wednesday, blaming economic weakness in China and disappointing iPhone upgrades in the developed world for a shortfall of as much as 10 per cent from its previous expectations.The news wiped more than 7 per cent from the company’s shares in after-market trading./goo.gl/hzmCcQ

The 20%-a-Year Stock Picker Who Wishes His Edge Would DisappearSam Mamudi, Benjamin Robertson and Kana Nishizawa – BloombergDavid Webb quit his job at 33, got rich investing in Hong Kong; His research, reform push could undermine his competitive edgeMost great stock pickers do all they can to preserve their competitive edge. David Webb is trying to make his disappear./jlne.ws/2sgQ8GV

Wall Street’s Big Landlords Are So Hungry for Houses They’re Building Them; Companies that once gobbled up foreclosed suburban homes are now acquiring new ones for the rental marketRyan Dezember – WSJMillennials aren’t the only ones having a hard time finding houses to buy. So is Wall Street. A shortage of houses in the entry-level price range where first-time buyers and big rental-home companies both shop is prompting some institutional landlords to start building new ones themselves./jlne.ws/2s7LbQv

Chinese Companies Flocked to U.S. Markets in 2018. The Trade War May Have Had a Role.Stephen Grocer – NY TimesThe trade war didn’t seem to discourage Chinese companies from listing their shares on American exchanges last year. In fact, it might have brought more Chinese companies to Wall Street./jlne.ws/2s7Lyun

Institutions

Erik Prince to launch fund focused on electric car battery metals; Blackwater founder to capitalise on the scramble for once niche metals across AfricaHenry Sanderson – FTErik Prince, the founder of private security company Blackwater, is launching a fund to capitalise on the scramble for battery metals across Africa and Asia, as the world’s largest carmakers gear up to go electric./jlne.ws/2s8VG68

UBS chairman pours cold water on Deutsche Bank talk: paperReutersSwiss bank UBS (UBSG.S) is not looking to merge with any other bank, Chairman Axel Weber told the Tages-Anzeiger newspaper, dismissing speculation that UBS could join forces with Deutsche Bank (DBKGn.DE)./jlne.ws/2s63wxg

UBS’s Weber Calls for Larger European Banks to Rival U.S. FirmsJan Dahinten – BloombergUBS Group AG Chairman Axel Weber expects European banks will need to get bigger to compete with their U.S. counterparts, adding to calls for consolidation in the industry./jlne.ws/2s707OI

Hedge fund DE Shaw eyes new ‘risk premia’ strategies; New York-based group aims to broaden products away from traditional absolute return approachRobin Wigglesworth – FTDE Shaw, the $50bn-in-assets hedge fund founded by the reclusive computer scientist David Shaw, is planning to open up a new ” risk premia” strategy for investors, as it expands its suite of products into a hot area of asset management./jlne.ws/2s7a2DR

Volatility specialists face year of rewards and reckoning; Some funds say markets are not prepared for unwinding of the ‘low vol’ regimeRobin Wigglesworth – FTVolatility returned with a bang last year, wrongfooting many investors but leaving traders that specialise in surfing the undulations of financial markets eagerly awaiting a new era of turbulence in 2019./jlne.ws/2sgREJ7

Regions

Sri Lanka to halve maximum foreign holding limit in govt securitiesReutersSri Lanka plans to restrict foreign holdings of government securities to a maximum 5 percent from the current 10 percent to prevent possible hot money flows and improve the quality of reserves, the country’s central bank chief said on Wednesday./jlne.ws/2saxaBn

Spurning Erdogan’s Vision, Turks Leave in Droves, Draining Money and TalentCarlotta Gall – NY TimesFor 17 years, President Recep Tayyip Erdogan won elections by offering voters a vision of restoring the glories of Turkey’s Ottoman past. He extended his country’s influence with increased trade and military deployments, and he raised living standards with years of unbroken economic growth./jlne.ws/2s3avHo

China’s Rich Brace for Tax Raid on $24 Trillion Wealth PileJinshan Hong – BloombergHavens are disappearing, overseas earnings will become taxable; Foreign assets to be easier to track, transfers may be leviedChina’s plan to cut taxes in 2019 for the masses has the nation’s super-rich running for cover on concern the government will make up the shortfall by going after the wealthy./jlne.ws/2s7q8xn

Brexit ‘bad or awful’ for UK prospects in 2019, say economists; Uncertainty expected to hit business investment and depress consumer spendingDelphine Strauss and Gavin Jackson – FTUncertainty will hobble UK business investment and depress consumer spending in 2019, stunting long-term growth even if Britain manages to avoid a disorderly Brexit, according to a poll of more than 80 leading economists./jlne.ws/2s8ZioI

Great leap forward for China with landing on far side of Moon; Low-key mission to giant crater ‘opens new chapter’ in lunar explorationTom Hancock – FTChina has become the first country to land a probe on the far side of the Moon in a technical feat that demonstrates Beijing’s growing space ambitions./jlne.ws/2s69A91

Families sue banks, claim they funded terrorism that killed loved onesEmily Saul – NY PostFamilies from around the globe have filed suit in Brooklyn federal court against several banks they say funded terrorism that killed their loved ones. Three separate lawsuits filed Tuesday and Wednesday claim Lebanon’s Blom Bank, the Palestine Investment Bank and the Bank of Palestine maintained accounts for various branches of Hamas and other terrorist organizations, and that those funds were then used to murder innocents./jlne.ws/2s5F2V1

Brexit

No One Is Ready for a No-Deal Brexit; By pretending to prepare for calamity, the government is deluding itself ó and its citizens.Editorial Board – BloombergWith Brexit negotiations paralyzed, and fewer than 100 days till the clock runs out, it’s worth remembering that the U.K. government ó despite its assurances ó remains entirely unready for a no-deal exit from the European Union. Pretending otherwise helps no one./jlne.ws/2s8ESMI

Brexit freight ferry firm appears all geared up – to deliver pizzasBen Quinn – The GuardianFirst, it emerged that the “startup” company hired to operate extra ferries as part of no-deal Brexit planning had no ships.Now, questions are being asked about the readiness of Seaborne Freight to handle the £13.8m contract after it turned out that terms and conditions on its website appeared to be intended for a food delivery firm./jlne.ws/2LNAbAK

Get a FREE 90 day trial of John Lothian Newsletter First ReadCrypto cybercrime crosses into the physical worldBy Matt Raebel, John Lothian NewsLast week, the alleged kidnappers of Anne-Elisabeth Hagen, the wife of the Norwegian...

Get a FREE 90 day trial of John Lothian Newsletter First ReadHits & TakesJLN StaffThe FIA issued an advocacy piece titled "FIA Urges Regulators to Eliminate Barriers to Clearing."~JJLPart one of the 13th amendment of the US Constitution...

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